Down and out of sight: Job growth and long-term unemployment
Those who’ve become last in the unemployment line should be our first priority.
The good news in the January Bureau of Labor Statistics employment report produced an exhalation of relief that could be heard from Pennsylvania Avenue to Wall Street. For the first time in months the recovery no longer appeared tentative, though it remains far from vibrant. The private sector in the first month of 2012 generated 243,000 new jobs, and unemployment fell to 8.3 percent, the lowest rate since 2009.